ISLAMABAD: Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi said on Tuesday that the commission was actively coordinating with the National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) to check crimes in the capital market.

“After two years of hard work, we can comfortably claim that no criminal can hide from the SECP as we are continuously monitoring the capital markets,” he said while talking to media personnel at the SECP head office.

He appealed to investors, particularly retail investors, to not get carried away by reckless tips of unauthorised persons. Mr Hijazi was referring to the self-acclaimed stock expert Mir Mohammad Ali Khan’s case, who gained followers on social media by giving advice on investment.

A criminal case had been filed against Mr Khan by the SECP as he had not registered as a research analyst and derived his script from the equity market, proposing the same target price with additional comments, said the SECP official.

The commission, Mr Hijazi said, booked several employees of three leading banks for insider trading, and another profile was expected to be finalised next week.

Published in Dawn, May 10th, 2017